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Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2018. LPC's accountant has projected the following amortization schedule from issuance until maturity: Cash Effective

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Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2018. LPC's accountant has projected the following amortization schedule from issuance until maturity: Cash Effective Decrease in Outstanding Date interest interest balance balance 1/1/2018 $207,020 206,230 6/30/2018 $7,000 $6,211 $789 12/31/2018 000, 6,187 813 205,417 6/30/2019 000, 6,163 6,137 837 204,580 12/31/2019 7,000 863 203,717 6/30/2020 7,000 7,000 6,112 888 202,829 12/31/2020 6,085 915 201,913 6/30/2021 000, 6,057 943 200,971 12/31/2021 000, 6,029 971 200,000 LPC issued the bonds: Multiple Choice At a premium. At par 6/30/2021 7,000 6,057 943 200,971 12/31/2021 7,000 6,029 971 200,000 LPC issued the bonds: Multiple Choice At a premium. At par Cannot be determined from the given information. At a discount

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